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Iowa Code § 554.1308

Performance or acceptance under reservation of rights

Known as the Uniform Commercial Code

The act spans §§ 554–554 (631 sections).

[C66, 71, 73, 75, 77, 79, 81, §554.1207]

1. A party that with explicit reservation of rights performs or promises performance or assents to performance in a manner demanded or offered by the other party does not thereby prejudice the rights reserved. Such words as “without prejudice”, “under protest”, or the like are sufficient.

2. Subsection 1 does not apply to an accord and satisfaction.

94 Acts, ch 1167, §7, 122; 2007 Acts, ch 41, §19, 54

CS2007, §554.1308

Official source: Iowa Legislature. Reproduced from public-domain Iowa statutes; confirm against the official source for the current text. Not legal advice.